RE:RE:RE:RE:I checked out the NSP facility in Pitt Meadows on March 20thHey “CaptainUpUp”,
“They explained that they are being strategic as far as who they join with for packaging . . . in an attempt to only co-package with companies that they can do further business with in terms of making product deals with those same companies.” Like I said in my last post “
IMO this deal now is even better than I thought last fall.”
NSP got an excellent $ deal on obtaining the packaging equipment.
In addition NSP got a great 3 year packing & storage arrangement with ERSF.
On top of which they have developed a good working relationship with ERSF which certainly meets the above criteria. If you haven’t already done so I recommend having a look at the
ERSF website. ERSF is a wholly owned sub of
Cofresh which is a long established profitable family business which had ~ $21.4 million in sales in 2015.
*****
Your statement “
Seems unimportant to mention walls and ceilings...” made me smile.
On a Dec visit to the warehouse the contractors were installing the wall system for the new packaging area. I was very curious and I have to admit I was very impressed with the wall panels and the installation process.
This is a
LINK to a picture I took shortly after the packaging room shell was complete - it does make for a clean bright facility. Prior to the arrival of the packaging equipment the room was being used for temporary storage of bulk hemp seeds ready for shipment that were just received from inventory at the processors warehouse .
Each one of those large product bags in the picture contains about 2,000 lbs of bulk processed hemp seed - about 20 of those pallets go in a container for shipping.
*****
“Living in the sunshine”
Always DYODD
DKM
CaptainUpUp wrote: I concur with everything you've said here.
Dave and Craig told me the exact same thing about the co-packaging when I was there.
They explained that they are being strategic as far as who they join with for packaging . . . in an attempt to only co-package with companies that they can do further business with in terms of making product deals with those same companies. They did say that early on they may have to make a few deals with companies that may not be ideal just to create some revenue, but eventually they'd ideally only complete packaging deals with companies that bring more to the table. Which makes total sense to me. The revenue the packaging side of things brings in just gives them extra capital to keep things running and help support the bigger stuff they're doing.
Also, I didn't mention this in my previous posts about my visit, but aside from the packaging equipment itself, the actual space they built at the new location is actually quite impressive. From the walls to the ceiling and everything else it exudes professionalism. They aren't in some dirty old warehouse that looks derelict . . . thought and care was put into the space where they now store their product that is ready to ship and the expensive, new equipment. Seems unimportant to mention walls and ceilings and shelving, etc., but when it comes down to it, it shows these guys are true professionals.